Car Financing

Find advice, tips and answers to questions about Car Financing here.

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Why is it terrible that dealers finance anyone?

1) Because it's irresponsible and can lead to people buying cars they can't afford.2) Because it can create a cycle of debt for people who can't afford it.3) Because it can lead to people defaulting on their loans and losing their cars.4) Because it can create a lot of instability in the market for

Mar 23, 2023
Can I purchase a car with my student loan?

Yes, you can purchase a car with your student loan. In fact, there are many options available to you when it comes to buying a car. You can use your loan to buy a new or used car, and you can even use it to buy a car outright or lease one. Just be sure to shop around and compare prices to find the b

Mar 23, 2023
Are the "finance anyone" dealerships honest enterprises or fraud artists?

There is no easy answer when it comes to whether or not finance anyone dealerships are honest enterprises or fraud artists. On the one hand, these dealerships can be seen as helpful in giving those with bad credit a chance to get a car. On the other hand, there have been numerous reports of these de

Mar 23, 2023
With a credit score of 550, what interest rate can I expect for a car loan?

With a credit score of 550, you may be able to get a car loan with an interest rate of around 10%. However, the interest rate you qualify for may be higher or lower, depending on the lender you work with. It's important to shop around for the best deal on a car loan, so you can get the best interest

Mar 23, 2023
If I'm just 16 years old, can I get a car loan?

There is no one definitive answer to this question. Some factors that will be considered include your credit history, your income and your ability to repay the loan. If you are 16 years old, you may not have a credit history yet, which could make it more difficult to get a car loan. You may want to

Mar 23, 2023
Can I still get a car loan with a credit score of 804 and a meagre yearly income of $17,500?

Yes, you can still get a car loan with a credit score of 804 and a meagre yearly income of $17,500. However, the terms of the loan may be less favourable than if your credit score was higher. For example, you may be required to pay a higher interest rate or put down a larger down payment.It is impor

Mar 23, 2023
Should I finance a three-year-old car?

1. Financing a three-year-old car can be a great way to get a newer vehicle without having to pay the full price.2. There are a few things you'll want to consider before financing a three-year-old car, however.3. One of the most important things to look at is the car's value.4. You'll also want to m

Mar 23, 2023
Why are interest rates on used car loans higher?

1. Because used cars are seen as a higher risk by lenders, interest rates on loans for used cars are typically higher than those for new cars. This is because used cars may have been driven more miles and may be more likely to need repairs, both of which can increase the risk of defaulting on the lo

Mar 23, 2023
What is a reasonable auto loan interest rate for a 2016 model?

There is no one answer to this question as interest rates vary depending on the lender, the model of car, and other factors. However, a reasonable interest rate for a 2016 model car would be around 4-6%. It is important to shop around for the best rate, and to be aware of any hidden fees or penaltie

Mar 23, 2023
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